MinichMacGregor Wealth Management LLC Buys Shares of 4,490 The Williams Companies, Inc. (NYSE:WMB)

by · The Cerbat Gem

MinichMacGregor Wealth Management LLC bought a new position in The Williams Companies, Inc. (NYSE:WMB – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,490 shares of the pipeline company’s stock, valued at approximately $205,000.

A number of other hedge funds also recently made changes to their positions in WMB. O Shaughnessy Asset Management LLC grew its position in Williams Companies by 15.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock worth $4,221,000 after acquiring an additional 14,672 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Williams Companies by 145.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock worth $3,716,000 after purchasing an additional 56,509 shares during the last quarter. Brendel Financial Advisors LLC increased its stake in shares of Williams Companies by 0.8% in the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after buying an additional 419 shares during the period. Mediolanum International Funds Ltd acquired a new position in shares of Williams Companies in the first quarter valued at approximately $2,364,000. Finally, Valley National Advisers Inc. raised its holdings in Williams Companies by 1,855.7% in the 3rd quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock valued at $1,918,000 after buying an additional 39,880 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Trading Up 2.2 %

Shares of WMB stock traded up $1.14 during trading hours on Tuesday, hitting $53.28. 694,235 shares of the company were exchanged, compared to its average volume of 6,220,261. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $53.30. The company has a 50 day simple moving average of $48.04 and a two-hundred day simple moving average of $43.96. The firm has a market cap of $64.94 billion, a P/E ratio of 22.38, a P/E/G ratio of 5.78 and a beta of 1.03.

Williams Companies (NYSE:WMB – Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. Equities analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on WMB. Bank of America began coverage on shares of Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. Barclays boosted their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. CIBC raised their target price on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $52.00 to $58.00 in a research report on Friday, October 4th. Finally, Scotiabank raised their price objective on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $49.62.

Read Our Latest Analysis on WMB

Insider Activity at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Profile

(Free Report)

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.

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